Competitive fees

How much you pay will depend on how you are invested. WesTrac Super Plan members pay:

• 0.14% pa administration fee (up to a maximum of $700 pa)
• $0 weekly member fee ($0 charged monthly)
• 0.015% pa trustee fee
• Paid from super fund’s assets: This amount is currently made up of an estimated administration fee and costs of 0.049% pa and nil trustee expense recovery. This amount is variable and is not deducted from your account balance
• 0.00% to 1.59% pa investment fees and costs and 0.00% to 0.89% pa transaction costs. Please refer to the Investment Guide for the investment fees and costs and transaction costs for your specific investment option(s).

The lower % administration fee and $ weekly member fee negotiated by your employer will stop when you leave your employer. Additional member activity related fees may apply, such as transaction cost allowance, advice fees for personal advice, or insurance fees. Refer to your welcome letter in conjunction with the fees and costs section in the product disclosure statement and member guide for more information.

How much could a reduction in fees save you?

Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns. For example, paying total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).

How your fees might look

AMP MySuper is the default investment option for the WesTrac Super Plan. It takes a lifestages approach, automatically applying different levels of risk to your investments, dependent on your age.

This is based on the fees and costs paid by WesTrac Super members.

If you were born in another decade and want to check those investment fees and costs and transaction costs, you’ll find them in the Investment Guide or PDS.

AMP MySuper Lifestages 1970s option

To demonstrate we’ve used the AMP MySuper Lifestages 1970s option in the fee table below

(i) Additional member activity related fees may apply, such as the transaction cost allowance, advice fees for personal advice, or insurance fees. Refer to the fees and costs section of the member guide for more information.

(ii) You may receive a tax deduction on your Superannuation fees and costs. For details refer to the tax section of the PDS or member guide.

(iii) This example is illustrative only, what it costs you will depend on your individual investments.

Other investment options are also available in the WesTrac Pty Ltd Superannuation Plan.

For more information on the available investment options and associated fees refer to the Investment Guide.

To find the fees and performance that apply to your existing WesTrac Pty Ltd Superannuation Plan, login to My AMP.